Online Business Grant
Module 1 - Getting Started
A. Materials and information you need to gather before writing your business grants.
1. Business Plan
2. List of Grant making organizations that best fits your business.
3. An emotional story that is related to your business.
B. Business Grant Writing Fundamentals
1. Why it's impossible to find Business Grants, although, there are thousands of them
2.Keeping grantmakers happy
3. The easiest way to loss the interest of grantmakers when writing a business grant
4. Passing the screening process
C. Criteria Checklist
1. How to create a checklist for your business and the requirements for each Grantees on your list.
2. How to align your business model with a community connection.
D. Important facts to keep in mind as you write and apply for business grants
1. Due Dates
2. Community Connection
3. Emotional Connection
Materials and Information Needed for Successful Business Grant Writing
Gathering materials and information vital to the business grant writing process before hand will allow writing a grant to start or expand your business go a lot smoother and faster. If you fail to gather what is needed to write your business grant, you will spend weeks and even months looking for information that can be used on all of the business grants you apply for.
Simple Business Plans
One of the first pieces of information you'll need is a simple business plan, nothing fancy. You will not ever use your business plan to apply for a business grant, if you do, you application will be quickly rejected without notice. What you will do with your business plane is use some sections of your business plans to plug into sections of your grant writing application and proposal.
Sections That Should Be Included in Your Business Plans
These sections will cut your research time in half when constructing your grant proposal:
a)Your business mission statement
b)Provide a description of how your business solves a problem or improves an existing situation
c) List member of your business including your self with short description of job titles, responsibilities, and experience
d)Profits and loses
e)Market analysis of your potential customers
Your mission statement will be at least 1 paragraph long, that tells why your business exists or needs to be created. Provide details on your overall goal on how it will benefit customers. List your primary customers or market, and its geographical region of operation.
Provide Details on the Problems Your Solving in the Community
When constructing this section of your business plan think in terms of customer needs and customer benefits as you define your business service or product.avoid thinking of your side of the equation (how much the product or service costs, and how you will get it to the customer).
Summary of Each Employee
Summarized resumes for each of your employees and your self will fulfill this section of your business plan. Be sure to detail their role in the business.
Your Business Financial Plan
In this section you want to be sure to include should include your projected profit and loss and cash flow tables, and a brief description of the assumptions you’re making with your projections.
You, will also want to add the money you need to launch the business, and be specific on what the money will be spent on.
Describe your target market: the types of customers you are seeking to attain, and how this customer base is changing changing, detail your customers’ needs, where you'll find your customers, your means to reach them and how to deliver your product to them.
Also, document your competitors and your ideas to compete against them, and why you sure there’s room for your business in this market.
Click to download Simple
business plan sample
Business Grant Writing Fundamentals
Even if you were to write the perfect business grant, it would never get to the committee that issues grant monies to current or aspiring entrepreneurs. There are 3 fundamentals that are at the forefront of business grant writing and without these 4 elements your application or proposal will be trashed before it even makes it to the grantmakers desk.
Why are business grants so hard to find
There is no way to create a list of business grant opportunities to apply for if you have no idea on how and where to find them. The reason why they are so tricky to find is because free money to start or expand a business rarely goes by the name "Grant", shocking I know. Millions of searches each year are conducted on Google using the term: grants to start a business, I'm sure you have search using this same phrase your self, and discovered no one valid grant for starting a business showed up in the search results. Why is this? Business grants are not called grants, they are called by hundreds of different names, usually named after the entity that is awarding the grants for businesses and sometimes it is also named after a theme or an special individual. Due to this fact there is only one way to find a business grants, and that means years of specialized research and data collect, which Online Business Grant Training Academy has done for over 10 years now. As you progress through each module you will be introduce to several business grants we contact business with, you can use these grant leads to apply for to start or expand your business.
How to keep grantmakers happy
Nothing annoys grantmakers more than waiting their time, combing through hundreds of business grant applications each year least no time for applications that do not follow the specific directions of the grant making agency. All grantmakers provide directions to individuals that are seeking business grants, each agency or organization that give business grants have their very own directions for their grant application or proposal. Its imperative these directions are followed verbatim, which will prevent your application from ending up in the trash, and keeping your grantmaker happy and satisfied because you have not waited their valuable time. If there is an aspect of the grantmakers application you are having trouble following do to your business model, reach out to Online Business Grant Writing Academy by email, and tell us what part of the directions your having trouble with, and we will provide your with vital tips to help you successfully complete your application.
Hold Your Reader Interest at All Cost
Before your application makes it to the eyes of any grantmaker it must pass a pre-screening process. Keep in mind that many grantmakers will not read past the point of your departure from the application rules, directions, or instructions, which ever they use to govern their application pipeline. Don't fool your self, no matter how worthy the business project is or how neat and well designed the application package is designed. Please be aware, there is no guaranteed way to win a grantmaker’s funds, not following directions is a sure fire way of losing your chances at getting any business grant., but there is a guaranteed way to ensure your application is not ignored and tossed in the trash. Ultimately, not following directions indicates carelessness, which is not a characteristic of a business granters want to give money to.
Examples of directions you may come across when applying for business grants:
Following directions helps the grantmaker read applications efficiently and quickly which is necessary in ordr to get through all of the applications in a timely fashion. Specificity of content will vary by grantmaker, and also by proposal sections.
For example, a grantmaker may impose limits to your application in general terms for background information on the contexts of your proposal:
“Please tell the grant committee in 2 to 3 pages about the support you will receive from friends, family, community or colleagues if your proposal is granted the requested money you need to start your business.”
Likewise, a grantmaker may explicitly limit your response to a section on the grant applicant’s qualifications by stating:
“In no more than 350 words, please summarize the grant applicant’s specific qualifications to manage the finances of the proposal. Discuss any financial experience (for example, certifications in accounting services), or other relevant office managerial duties that will help the applicant . distribute funds and write regular quarterly financial reports.”
These above examples of business grant application directions demonstrate how specific directions can get, and how they can be used to eliminate applications.
What happens in the pre-screening process
100% of business grant application go through a screening process before it ever gets seen by the grantmakers. The well trained application screeners are looking for applications that have fail to meet the following- eligibility requirements, directions, alignment with grantmakers mission.
All business grant application have eligibility requirements, the eligibility requirement will dictate 100% of who can and can not and can not apply for the grant. Specific demographics are given, if the individual does not fit into those demographics there application is discarded. Make it your primary point to only apply for applications you meet the eligibility requirements for.
All business grant applications have their own directions, no two directions are exactly the same, for this is why it is important that you read the directions several times of each grant your going to apply for carefully. Applications that do not follow the directions are thrown in the trash and will never be seen by any grantmakers.
Each business grant has a mission, and will only provide grants to a business that helps expand their mission or has the same mission. As long as your business venture aligns with the granting entity your application will make it through the screening process.
Create a checklist for eligibility and mission
Use This Checklist to Ensure Your Eligibility and Mission Requirements
Elements of Grantmakers Mission
How to use the checklist:
You will need a checklist for each business grant you plan to apply for. Start with reading the grant's eligibility requirements, we recommend reading this first, because even if you write a fabulous proposal you will be denied the grant if you can meet the eligibility requirements. After you have read the eligibility requirements at least twice, under the requirements column your going to break down the directions into small parts, then list them under this column. Here' s an example of how to do it:
Instructions - “In no more than 350 words,
please summarize the grant applicant’s specific
qualifications to manage the finances of the proposal
. Discuss any financial experience (for example,
certifications in accounting services), or other
relevant office managerial duties that will help
the applicant distribute funds and write regular
quarterly financial reports.”
This is how you would break these directions down into smaller parts:
summary more than 350 words
list experience and education managing money
list responsibilities and duties of financial work experience
Important Facts to Remember
90% of business grants have due date, make sure you check to see what the due date is before you start investing time in writing, if you have missed the due date simply mark it on your calendar for the next time around. The great thing about business grants with due dates is the ns every year around the same time grantmakers begin accepting applications..So just check back the following year prior to its due date to apply.
Most grantmakers are attracted to business ventures that will have an influence on the community it services, no in the way a non-profit does by rendering social services, but in a way that if the business exist in some way it is beneficial to the community.
After your business grant application has passed the screening and read by the grantmaker or their grant making committee, you do not want your well written proposal forgotten, tug on the readers heart strings is the best way to not be forgotten. Add a short emotional story that is related to your business venture, this gets readers every time.